Yes I recall that too and I thought to myself "How could that be so" when the previous metals bulletin stuff suggested a price range of 460-470 and people on Hot Copper follow Asian Metals Market like a hawk for daily movements.
But it appears to be the case and relying on calculations based on occasional quoted figures (which are delayed) has clearly thrown out the poor mans estimations and its actually performing even better than imagined.
But if this is in fact the case and the going rate for Spod is now 500-520 USD then we are only 170 bucks away from our previous locked in price and there is no sign this train is slowing down. If every 1% in upward price represents a minimum value of 5 USD and most days have between a half a percent rise and a percent rise (factoring in days with no rise) then you are talking about likely passing that benchmark before the end of April.
Q2 is going to be a real beauty I reckon!
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